The barrier films market is projected to reach USD 28.58 Billion by 2022, at a CAGR of 5?tween 2017 and 2022.

The growth of the barrier films market is primarily driven by the increasing demand for barrier films in various end-use industries, such as food & beverage packaging, pharmaceutical packaging, and agriculture.

Volatile prices of raw materials are acting as a restraint to the growth of the barrier films market. Multilayer films encompass superior properties as compared to monolayer films. However, recyclability of multilayer films serves to be a major challenge to the growth of the barrier films market.

Amcor (Australia), Sealed Air (US), Bemis (US), Toppan Printing (Russia), Cosmo Films (India), Jindal Poly Films (India), and Berry Global (US) are leading companies operating in the barrier films market. These companies are expected to account for a significant share of the barrier films market in the near future.

Market Dynamics

Drivers

Demand for Longer Shelf Life of Food Products Increasing Demand for Customer-Friendly Packaging Increasing Number of Retail Chains in Developing Countries Downsizing of Packaging